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News Release

China

JLL announces the appointment of Johnny Shao as Head of Capital Markets for Shanghai and East China

Johnny Shao to lead a group of experienced professionals with strong local industry knowledge


​​SHANGHAI, March 11, 2016 – JLL (NYSE:JLL) has brought on board Johnny Shao to head its Capital Markets team in Shanghai and East China. Johnny will be directly reporting to Anthony Couse, Managing Director of Shanghai and East China (taking over the role of Asia Pacific CEO on June 1, 2016 ), and later Eddie Ng (succeeding Anthony Couse on June 1, 2016).

Prior to joining JLL, Johnny worked as Executive Director and Head of Capital Markets for CBRE China, where he led the firm’s Capital Markets team across six offices. He has participated in and closed numerous transactions, including the sale of Shanghai BEA Finance Tower, Shanghai Central Plaza and Beijing HP Tower. He also spent many years working in the financial sector prior to joining CBRE—some of which include working as Head of Investment and Business Development for the listed firm Forterra Trust, where he significantly contributed toward the formation of their acquisition and investment strategies. Johnny holds an MPhil degree in Real Estate Finance from the University of Cambridge, and is a member of the Royal Institution of Chartered Surveyors (RICS).

“I am confident that Johnny Shao—as the head of this capable team—will continue to build upon our unrivalled track record in Capital Markets,” Couse commented, “At JLL, we understand that a critical component to success hinges on our ability to attract talented individuals, and I am happy to have Johnny and the team’s support as our China business grows and develops.”

In his new role, Johnny will be responsible for the management of JLL’s Shanghai and East China Capital Markets team—a group of experienced Capital Markets professionals whose focused expertise will add to JLL’s full market capabilities across all categories. Johnny will have the support from key members such as Regional Director Oscar Chan, whose successful asset acquisitions and dispositions in multiple Chinese cities totaling more than USD 1.5 billion; Reeve Wang, the award-winning veteran of the Shanghai market, who previously headed JLL’s office leasing team for the Puxi market and served as Director of Investment for Colliers; Ken Xu, who has rich experience in real estate investment after serving at Ascendas, CBRE and Savills; and Nathan Wright, who has completed more than 40 cross-border M&A and Capital Markets transactions during his sixteen years as an advisor for foreign investors in Shanghai.

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“JLL has brought together an exceptional team of experienced Capital Markets professionals,” Johnny said. “I am thrilled to join the team and add to the company’s already stellar reputation of connecting money with opportunity.”

​JLL’s Capital Markets team in Shanghai and East China is composed of 20 experienced property professionals who offer a diverse range of skills, experience and strong local industry knowledge. The team works closely with JLL’s wider China and regional Capital Markets teams to ensure clients have assured access to the widest possible pool of investors and capital in both local and overseas markets.

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About JLL

JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 230 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $56.4 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit   www.jll.com

JLL has over 50 years of experience in Asia Pacific, with over 32,000 employees operating in 83 offices in 16 countries across the region. The firm was named ‘Best International Property Consultancy’ and ‘Best Property Consultancy Asia Pacific’ at the International Property Awards Final 2015 as well as number one real estate advisor in Asia at the 2015 Euromoney Real Estate Awards. www.jll.com/asiapacific  

In Greater China, the firm was named ‘Best Property Consultancy in China’ at the International Property Awards Asia Pacific 2015, and has more than 2,200 professionals and 14,000 on-site staff providing quality real estate advice and services in over 80 cities across the country.  www.joneslanglasalle.com.cn